New York
U.S. Hotels Projected to Lose $59B in Business Travel Revenues for 2021
The hotel industry is projected to end 2021 down more than $59 billion in business travel revenue compared to 2019,… Read more
High Line Receives Major Gift Toward Operating Budget
The High Line, the organization that originally rallied for the elevated structure’s preservation and reuse as public space and now operates it… Read more
Hines Promotes Sarah Hawkins to East Region CEO
Sarah Hawkins, based in Hines’ New York Office, has been promoted to CEO of the U.S. East Region, effective immediately. Established… Read more
CushWake Duo Brings Mott Haven Site to Market
Cushman & Wakefield has been retained to market the sale of 508-510 Brook Ave., two lots zoned for mixed-use that… Read more
JLL Arranges $176M Recap of Brooklyn Condos Turned Rentals
JLL Capital Markets has arranged senior and mezzanine financing of $176.45 million for the recapitalization of One Boerum Place, a… Read more
Eastern Union Secures Bridge Loan for Indianapolis Apartment Deal
Eastern Union secured a $9.75-million bridge loan to facilitate the acquisition financing of Meridian Towers, a 195-unit apartment building at 3710… Read more
Hudson Hill Snaps Up Somers Shopping Center and Adjacent Parcel
Hudson Hill Partners has acquired a fully occupied retail shopping mall and adjacent development parcel in Somers, NY, within Westchester County, for… Read more
MSCI Finalizes Deal for Real Capital Analytics
New York City-based MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, has completed its… Read more
Specialty Coffee Brand Will Open First U.S. Location in Financial District
Newmark Retail arranged a new 1,900-square-foot lease for the Australian premium coffee brand Ten Thousand Coffee, at 14 Wall St. This serves as the brand’s first stateside location. Newmark’s senior managing director Caleb Petersen represented the tenant, while senior managing Director Darrell Rubens represented… Read more
Compass’ Polsinelli Closes Second Phase of Medical Office Condo Sale
Adelaide Polsinelli, vice chairman of Compass, closed on the second phase of the sale of a package of seven medical… Read more
Ariel Lists Landmarked Apartments in Hamilton Heights
Ariel Property Advisors has listed the Ivey Delph Apartments at 13-19 Hamilton Terr. in Manhattan for $19.5 million. Designed by renowned… Read more
Greystone Arranges $143M Refi for RXR Rentals in Brooklyn
Greystone arranged a $143,100,000 permanent loan for affiliate entities of RXR Realty to refinance 475 Clermont, a multifamily rental building… Read more
CBC Enhances Long-Term Performance with Five New Affiliates
As 2021 got underway, there was a concerted effort among businesses to find new ways of energizing their brands. Commercial… Read more
Tishman Speyer Commits to Net Zero Globally by 2050
Tishman Speyer on Monday announced a commitment to achieve operational net zero carbon emissions by 2050 or sooner across its global portfolio.… Read more
Twitter Lease Shows Office Space is Alive and Well
As an indication that remote work hasn’t killed office space, Twitter recently signed a 66,000-square-foot lease at the 18-story 1330… Read more
ABC Carpet Plans Asset Sale Following Chapter 11 Filing
Luxury furniture retailer ABC Carpet & Home on Friday secured court approval to tap part of a $5.7-million loan to… Read more
KeyBank Arranges $40M in Fannie Mae Loans on Apartments in Michigan, Southeast
KeyBank Real Estate Capital (KBREC) secured $40.2 million of fixed-rate Fannie Mae financing for The Benchmark Group, a real estate developer,… Read more
Newmark’s Stolly & Roeschlaub Arrange Refis for Meadow Partners and Davean
In two separate transactions, Newmark arranged a $27-million refinancing of 426-430 E. 14th St. on behalf of Meadow Partners and a $26-million refi on 103-105 MacDougal St. on behalf… Read more
MTA Completes New 42 St Shuttle Between Times Square and Grand Central
The Metropolitan Transportation Authority (MTA) on Friday celebrated the completion of the new 42 St Shuttle that connects Times Square and Grand Central Terminal. It’s the centerpiece of MTA’s broader 42 St… Read more